C-Bond Systems, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2023

	March 31, 2023			December 31, 2022
Notes payable	$	1,851,244		$	1,899,380
Note payable – PPP note		18,823			18,823
Total notes payable		1,870,067			1,918,203
Less: unamortized debt discount		(70,638	)		(132,961	)
Notes payable, net		1,799,429			1,785,242
Less: current portion of notes payable, net of discount		(1,592,207	)		(1,576,438	)
Notes payable – long-term	$	207,222		$	208,804

Schedule of future annual maturities of notes payable

March 31,	Amount
2024	$	1,662,845
2025		207,222
Total notes payable on March 31, 2023	$	1,870,067

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details